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Firms advise on Cockatoo Coal share proposal

Firms advise on Cockatoo Coal share proposal

Ashurst and Minter Ellison have advised on a share subscription proposal valued at $313 million.

Firms: Ashurst (SK Networks and SK Innovation), Minter Ellison (Cockatoo Coal)

Deal: M&A share subscription proposal

Area: M&A

Value: $313 million

Key players: Ashurst corporate partners Ian Williams and Phil Breden led the transaction for SK with support from Graeme Tucker (banking), Stephen Woodbury (employment) and Michael Astill (resources).

Deal significance: Cockatoo Coal Limited and SK Networks Co Ltd entered into a term sheet for a proposed transaction under which SK Networks intends to subscribe for approximately 581.1 million Cockatoo shares at an issue price of $0.535 per share.

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